Sleep Apnea Therapeutic Devices Market: Description
sleep apnea Therapeutic devices worldwide is anticipated to reach USD 12.5 billion by 2028. The expansion of the industry is probably being driven by the rising incidence of sleep disorders.
Growing technological developments in sleep apnea devices that incorporate oximetry, peripheral arterial tonometry (PAT), and heart rate variability (HRV) as additional monitoring metrics are predicted to boost market revenue. Leading manufacturers have developed new technologies that have improved performance, resulting in the creation of novel items. Similar to this, portable products on the market that have various travel-friendly features like a USB charging connector, data connectivity, and an integrated overnight battery are highly favoured.
Sleep Apnea Therapeutic Devices Market: Overview
The size of the global market for sleep apnea devices was estimated at USD 3.7 billion in 2020 and is anticipated to increase at a CAGR of 6.2 percent from 2021 to 2028. An uneven breathing pattern, which results in sleep apnea, deprives the brain of enough oxygen. A 2020 research by the American Sleep Association predicted that between 50 million and 70 million Americans have sleep disturbances of some kind. In addition, the Canadian Respiratory Journal reported in 2014 that 5.4 million adults in Canada had sleep apnea diagnoses or were at a higher risk of acquiring OSA. A study by ResMed in 2018 found that around 175 million people in Europe have sleep apnea.
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Healthcare organizations are now working in a dynamic environment, undergoing seismic transformations as a result of the introduction of innovative medical treatments and increased internet usage. This, along with unparalleled online access to astounding amounts of information, has made astute patients more careful. As a result, the demand for smart, affordable, and tailored healthcare services has surged. The COVID-19 pandemic has further resulted in higher demand for healthcare and related products & services further strengthening the performance of overall healthcare industry.
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Sleep Apnea Therapeutic Devices Market: Segment Analysis
Top Key Players
Fisher & Paykel Healthcare
Nidek Medical India
SLS Medical Technology
Bejing Kangdu Medical
Shangcha Beyond Medical
Key Regions & Countries
North America (the United States
and Southeast Asia)
South America (Brazil
and The Middle East and Africa (Saudi Arabia
and South Africa).
- What is the driving factor for the growth of the Sleep Apnea Therapeutic Devices market?
- How will the COVID-19 pandemic impact the demand and consumption of the Sleep Apnea Therapeutic Devices market?
- What is the major application area of the Sleep Apnea Therapeutic Devices market?
- Who are the Sleep Apnea Therapeutic Devices manufacturers across the globe?
- Which geographical location is dominant in the Sleep Apnea Therapeutic Devices market?
- Which are the top industry players in the market?
The healthcare industry is surely facing disruptions with global economies giving high importance to individual health. In this scenario, we expect our clients to get deep insights to power their innovations in the right direction. We have been keeping a close watch on the changes and modifications happening in the healthcare domain. As per our understanding, these alterations are active and unexampled.